What is the difference between Political Attitude and Political Ideology?

Acme Company makes and sells a single product called a widget. Acme’s income statement for the current month is as follows: Each widget sells for $150. Variable selling expenses are $8.50 per widget, and the remainder of the selling expenses are fixed. Variable administrative expenses are 7% of sales revenue, and the remainder of the administrative expenses are fixed. Assume “Y” equals the total selling and administrative expenses and “X” equals the total number of widgets sold. What is the mixed cost formula for total selling and administrative expenses?

Acme Company uses process costing and has three processing departments. Which of the following statements is true regarding the second processing department? 

Acme Company produces and sells a single product. The relevant range is 200 to 600 units produced and sold per year. If Acme makes and sells 300 units during a year, the total cost per unit is $860. If Acme makes and sells 500 units during a year, the company’s total variable costs are $156,000. What is the per-unit fixed cost if 200 units are produced and sold during a year? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).

Acme Company has two manufacturing departments, P and Q, and applies manufacturing overhead using departmental rates based on direct labor hours (DLHs). Here are estimated overhead data for the current year: During the current month, Acme starts and completes Job 71. Direct materials used are $28,800 and direct labor used is $43,000. Job 71 uses 280 DLHs in Department P and 640 DLHs in Department Q. Acme uses the cost-plus pricing method to set selling prices. The markup is 40% of total manufacturing costs. What is Acme’s selling price for Job 71?  

Here are data regarding Acme Company’s inventory balances for the current month: During the current month, Acme purchases $70,200 of raw materials and uses $92,500 of direct labor. The raw materials used in the current month include $8,600 of indirect materials. Manufacturing overhead applied is $59,500. What is the cost of goods manufactured during the current month?

Acme Company commenced operations during the current month and uses process costing. In the first processing department, all direct materials are added at the beginning of the manufacturing process and conversion costs are incurred evenly throughout the manufacturing process. During its first month of operations, the first processing department completed and transferred out 35,000 units and the total equivalent units of production was 50,000 for direct materials and 45,500 for conversion costs. What is the percentage of completion with respect to conversion costs for the units in the first processing department’s ending work in process inventory?

Acme Company has two manufacturing departments, P and Q, and applies manufacturing overhead using departmental rates based on direct labor hours (DLHs). Here are estimated overhead data for the current year: During the current month, Acme starts and completes Job 71. Direct materials used are $28,800 and direct labor used is $43,000. Job 71 uses 280 DLHs in Department P and 640 DLHs in Department Q. Acme uses the cost-plus pricing method to set selling prices. The markup is 50% of total manufacturing costs. What is Acme’s selling price for Job 71?

During the current month, Acme Company’s total manufacturing costs added are $205,000, the balance of work in process inventory increases $9,000, and the balance of finished goods inventory decreases $6,000. Sales revenue are $383,000 and selling and administrative expenses are $84,000. What is Acme’s operating income during the current month?

Here are data regarding Acme Company’s inventory balances for the current month: During the current month, Acme purchases $67,500 of raw materials and uses $92,500 of direct labor. The raw materials used in the current month include $8,600 of indirect materials. Manufacturing overhead applied is $59,500. What is the cost of goods manufactured during the current month?